Eighty-nine fintech players stand accused of unethical debt collecting methods, 25 are registered with OJK.
The first Indonesia Fintech Fair that aims to educate public about fintech.
Startup will use the funds to scale its lending service throughout Indonesia.
Pushes the financial inclusion agenda in under-developed areas and reduces the dependence on loan sharks.
Taking heed of the urgings of its regulator, Indonesian lending platform UangTeman is expanding its service to four new cities.
In a bid to support the recently launched e-commerce roadmap, as well as the growing financial technology (fintech) sector in the country, Indonesia’s central bank, Bank Indonesia established its own ‘Fintech Office’ last week in Jakarta.
PT Digital Alpha Indonesia secures Pre-Series A funding round from a large South-East Asian banking group.
The fintech sector in Indonesia is booming, and some of the companies involved have begun discussions with the Financial Service Authority (OJK) on what shape regulations should take. This week, we hear from OJK itself.
How should fintech be regulated in Indonesia? DNA gives you an exclusive sneak-peak at direct online lending startup UangTeman’s policy paper.
From being called ‘worse than loan sharks,’ to more neutral reviews saying that it is almost impossible to get a loan from the site, fintech startup UangTeman is surviving, and indeed, seemingly thriving.